They said it couldn't be done (or that it was highly unlikely). But an Appeals Court has granted the group of bond holders that restructured Argentine debt (exchange bond holders) the right to challenge Judge Thomas Griesa's ruling that Argentina must pay bond holders that didn't restructure, Bloomberg reports.
This is a huge victory Argentina, and it's a loss for
billionaire hedge fund manager Paul Singer and other bond holders of the
country's 2001 sovereign debt working with him.
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